I have 3 ULIPs:
1. ICICI Pru LifeTime – 5 premiums of 18000 paid
2. ICICI Pru LifeTIme Super – 5 premiums of 18000 paid
3. HDFC Young Star – 4 premiums of 10000 paid
All of them were bought in FY 05-06.
More details:
I have the following insurance policies:
1. ING Vysya Money Back Plan – Date of issue: 21/09/05. Policy term – 16 years. Sum Insured: Rs.81,970. Annual Premium – Rs.6000. I have paid the premium for 5 years i.e. till Sep-2009. The policy has acquired paid-up status. Should I remain invested or withdraw? What is the amount I will get if I withdraw now?
2. HDFC Unit Linked Young Star Plan – Date of issue: 31/03/06. Term – 10 years. Death Benefit: Rs.1,00,000. Annual Premium – Rs.10,000. I have paid the premium for 4 years i.e. till Mar-2009. The policy has acquired paid-up status. Should I remain invested or withdraw? If I remain invested how much will be deducted every year for charges? Should I go for partial withdrawal? Can I withdraw the full unit value?
3. ICICI Prudential LifeTime Maximiser – Date of issue: 31/03/06. Term – 10 years. Death Benefit: Rs.2,00,000. Annual Premium – Rs.18,000. I have paid the premium for 5 years i.e. till Mar-2010. Should I remain invested or withdraw? If I remain invested how much will be deducted every year for charges? Should I go for partial withdrawal? Can I withdraw the full unit value?
Your advice will be really appreciated. Thanks!
Should I remain invested or exit?
Mayank